206 Winchester Dr
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206 Winchester Dr
4,000 SF Specialty Building Offered at $1,050,000 at a 10.86% Cap Rate in Tyler, TX 75701
Investment Highlights
- Turnkey laser wash, ideal for owner operator to immediately increase NOI or keep existing management for a passive investment
- Situated off of Broadway Ave, benefiting from 28,000 VPD. Over 100,000 residents within a 5-mile radius
- (6) coin operated covered vacuums
- Extensive Capital improvements ($65K) were completed overr the last 2 years
- (2) self-automated touchless tunnels with FRP Panels
Executive Summary
Bracket Real Estate Inc. is pleased to present for sale, the Lazer Wash in Tyler. Lazer Wash offers a high-quality wash experience with the use of a brushless system that minimizes scratches and swirl marks, enhancing customer satisfaction and repeat business. The facilities span 4,000 SF on .86 acres, featuring 2 self-automated touchless tunnels with FRP panels. Six coin-operated covered vacuums and opportunity for revenue growth through monthly subscriptions.
The property greatly benefits from being well-positioned in a dense urban land area consisting of national and local tenants, shopping centers, hospitality accommodations as well as academic institutions.
The property greatly benefits from being well-positioned in a dense urban land area consisting of national and local tenants, shopping centers, hospitality accommodations as well as academic institutions.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
Property Facts Under Contract
| Price | $1,050,000 | Property Subtype | Car Wash |
| Price Per SF | $263 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.86 AC |
| Cap Rate | 10.86% | Building Size | 4,000 SF |
| Sale Conditions | 1031 Exchange | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1999/2009 |
| Price | $1,050,000 |
| Price Per SF | $263 |
| Sale Type | Investment |
| Cap Rate | 10.86% |
| Sale Conditions | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.86 AC |
| Building Size | 4,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1999/2009 |
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 1-50000-1010-06-017060 | Improvements Assessment | $159,422 |
| Land Assessment | $141,953 | Total Assessment | $301,375 |
PROPERTY TAXES
Parcel Number
1-50000-1010-06-017060
Land Assessment
$141,953
Improvements Assessment
$159,422
Total Assessment
$301,375
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206 Winchester Dr
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